๐ก Day 1 of 25Days of Product with Abhishek Exploring the Untapped Potential of Catering Services in India The Indian catering market exceeds โน1 lakh crore annually, growing at 10โ12% CAGR. From weddings (โน50,000โโน75,000 crore) to corporate events (โน10,000โโน15,000 crore), cultural festivals (โน5,000โโน7,000 crore), social gatherings (โน10,000โโน12,000 crore), and institutional catering (โน8,000โโน10,000 crore), the opportunities are massive. Platforms like Zomato could revolutionize this fragmented space by streamlining vendor discovery, offering standardized pricing, enabling customizable menus, and providing event management tools. A review system would build trust, while exclusive deals and app-only features prevent users from bypassing the platform. Revenue Potential exists for Contract as well as Non-Contract Catering Contract Catering: Regular revenue streams from institutions and corporate clients; potential to secure long-term partnerships with bulk discounts. Non-Contract Catering: High-value, one-time events like weddings and festivals offer lucrative commission-based opportunities. Zomato can capitalize through commissions, subscriptions, ads, and value-added services like logistics or analytics. With the right strategy, catering could become a high-growth vertical in the food tech industry. What are your thoughts on integrating catering into food tech? Letโs discuss it! ๐
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